Marine Electronics Among The First Companies In Marine Electronics Industry To Accept Bitcoin Payments

Bitcoin has permeated online transactions – and it is expected to soon topple other means of electronic payment, such as PayPal, in terms of popularity. Acknowledging the need to add to its existing payment options, as well as to facilitate payments from its numerous clients located across the globe, Marine Electronics, the premiere automation, communication and navigation service provider in the broader Baltic Sea area, has recently begun to accept bitcoin payments. The move positions Marine Electronics as an industry leader, since, at the time of writing, Marine Electronics is one of few companies in its sector to foray into digital cryptocurrency transactions.

According to a recent Forbes article, “Bitcoin is a better way to do transactions (…) its benefit to business comes from payments.” The Bitcoin Company’s website lists that making use of bitcoins “is a very secure and inexpensive way to handle payments”, which enables fast international and transnational transactions, provides fraud protection, and requires no PCI compliance.

“Bitcoins have been steadily increasing in popularity, and a growing number of brand-name businesses have already welcomed them with open arms. Taking the pulse of the market, we instantly saw the incredible business potential that came with carrying out bitcoin transactions” said Mr. Adam Georg, Marine Electronics’ media representative. He continued, “Accepting bitcoins is yet another way to facilitate doing business with our clients, as making payments using bitcoins renders transactions easier and faster than ever before. Marine Electronics wishes to remain in the forefront of the industry, and continuously provide its clients with the best service.”

Marine Electronics wishes to highlight that, as with all other forms of payment, all bitcoin transactions will be conducted correctly, in terms of tax and VAT.

About Marine Electronics

With 25 years of experience and deep knowledge of their industry, Marine Electronics is the leading service provider on navigation, communication and automation in the Baltic Sea area, with four, strategically-placed service stations located in ten ports across its coast line. Marine Electronics engineering experts conduct Gyro compass services; perform radio surveys under DNV GL, ABS, BV, LR, RINA and NK; and provide APT for sVDR / VDR for maritime equipment and systems manufactured by industry giants.